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Obama, Bush dine with ex-presidents at White House - Reuters IndiaWASHINGTON (Reuters) - President George W. Bush and his successor, Barack Obama, joined all the living U.S. presidents on Wednesday for a historic meeting at the White House two weeks before the country's next transfer of power. Bush, a Republican ...
Pate elected president of new state chapter of NATP - Bellingham HeraldBill Pate, an accountant and owner of Bookkeeping Solutions NW in Lynden, recently was elected president of the new Washington chapter of the National Association of Tax Professionals. Pate has more than 20 years of experience in taxes and accounting ...
The mortgage thieves return - Las Cruces Sun-NewsFirst come the shady operators, then comes the collapse, then comes the bailout, then come the shady operators. That, too often, is the sad history of financial meltdowns and their cleanups. The closing days of the Bush administration offer the ...
Obama urges Congress to approve economic recovery plan quickly ... - NewsdayCHICAGO (AP) — President-elect Barack Obama urged congressional leaders Saturday to move quickly on an economic recovery plan, even as some Republicans are saying they want more time to review the details. Obama said Congress should pass an ...
TRANSCRIPT: Senate President Peter Groff's address to legislators - Rocky Mountain NewsMister Majority Leader, Mister Minority Leader, Senate colleagues, distinguished guests, friends and my family. Let me begin by thanking the Senate for my election as president of the Colorado Senate for the 67th General Assembly. It has been an ...
How one family's mortgage is linked to meltdown - ReutersHAMPTON BAYS, New York (Reuters) - Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly. So when the Goldrick family's adjustable rate ...
Navy Federal Credit Union Commits $6 Billion for Mortgage in 2009 - EarthtimesVIENNA, Va. , Jan. 5 /PRNewswire-USNewswire/ -- Navy Federal is pleased to announce that $6 billion has been committed to new mortgages for Navy Federal members in 2009, whether they're buying a new home or refinancing. This new commitment follows ...
The big fell hard in '08, and landed on little guys - Minneapolis Star TribuneThere's no shortage of candidates for this year's "Mighty Capitalist of the Year Awards." Some of these folks are headed for the history books, courtrooms and possibly jail and many of them already adorn the dart boards of their former employees and ...
Colo. lawmakers look at drastic budget cuts - KUSA-TVDENVER (AP) - Colorado lawmakers returned to work Wednesday with the urgent task of cutting up to $600 million from the current $19.2 billion budget and creating a "Jobs by June" plan to jump-start the state's construction industry. Democrats ...
Dear Hank (A Letter to the Departing Treasury Secretary) - Huffingtonpost.comIt has been over six years since I left Goldman Sachs and my position in the executive office where I had the honor of working for you. My how quickly time flies? Although we have not seen each other in person since my last day at the firm, for me it ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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